Latest Realty News

DELHI: The government may reject the urban development ministry's proposal to scrap all restrictions on foreign direct investment below 50% in real estate on the grounds that there can be no exemptions on rules such as minimum area norms.

DELHI: In a bid to bring foreign money to the cash-strapped realty sector, the department of industrial policy and promotion (DIPP) has moved a Cabinet note seeking relaxation of riders on foreign direct investment (FDI) in the construction development sector. The move comes after FDI in real estate dropped 57 per cent year-on-year in 2012-13 .

CHANDIGARH: Ushering in a policy of affordable housing in Gurgaon and other prime areas of the state, the Haryana government plans to build 1.25 lakh flats under the first phase. The size and price of these flats will be decided by the government and allotment will be done through draw of lots.

LUCKNOW: UP has been ranked top with maximum share of about 40 per cent in the new investments attracted by real estate sector among top 20 states across the country during the first quarter of current fiscal, industry body ASSOCHAM said today.

DELHI: Satya Group and Maple Group have launched fully furnished serviced apartments, “Element One“ at most favorable destination, Sector 47 and 49, Gurgaon recently. These contemporary designed high end serviced apartments are amongst the latest in the commercial projects trend and development, which can serve as private suites or can be utilized for office purposes. These apartments are reasonably priced and serve the best return in respect to ‘value for money’. It brings retail shops at groun

HYDERABAD: The increase in repo rate is going to have some downside on the real estate sector in a stressed environment that is already plagued by slowdown in sales, increasing input costs, liquidity issues and high costs of capital, Sanjay Dutt, Executive Managing Director, South Asia, Cushman & Wakefield, said.

MUMBAI: All eyes were on the new Reserve Bank of India governor Raghuram Rajan and his first monetary policy review two days after his US counterpart, Federal Reserve chairman Ben Bernanke, on Wednesday sprung a very pleasant surprise on global markets by not rolling back the Fed's stimulus package. An overwhelming majority of economists and market analysts forecast Rajan wouldn't touch interest rates; a hopeful minority ventured he would cut rates to boost consumer demand and economic growth.

DELHI: Short-term real estate investors, a source of quick funds for housing projects, are increasingly defaulting on payment to developers, as economic slowdown and rising cost of living keeps regular homebuyers on the fringes, narrowing exit routes for speculators.

PUNE: Amidst the economic slowdown, the real estate market of Pune showed considerable resilience in the April-June 2013 quarter. Capital values of residential properties at locations such as Bavdhan, Kalyani Nagar and Undri, registered an increase of 4-8 per cent in the April-June 2013 quarter, over the preceding quarter, Overall, the Listed Price Monitor, which reflects the change in capital values in the city, rose by two per cent during the quarter. According to the study, 77 per cent locali

HYDERABAD: The spiraling rate of the dollar coupled with modest pricing is likely to attract NRI investment to the city's real estate sector in the near future, said representatives from the industry on Thursday.

KOLKATA: Global real estate advisor Cushman & Wakefield today claimed it carried out a unique acquisition model, for the first time in India, for another city-based real estate advisor company Lemongrass Advisors.

NOIDA: Officials of Noida Authority on Monday held a meeting with realtors to decide the course of action in the cases filed in the National Green Tribunal (NGT) regarding construction around Okhla Bird Sanctuary and extraction of groundwater at various sites.

DELHI: After the successful execution of various magnificent projects in residential, retail and commercial segments, Paras Buildtech has now launched its landmark project ‘Paras Square’ today. This project is a mix of Studio Apartments, Retail and Commercial, located at Sector 63A, adjacent to Golf Course Extension Road in Gurgaon.

NOIDA: “The secret of success is consistency of purpose”, an apt vision on which Mahagun India Private Limited focuses upon. With a lineage of decades of excellence, Mahagun, a brand that has created an upward evolution in the realm of real – estate sector, with immense pride launches “Mahagun Mirabella”, a roman themed luxurious residential project at sector 79 Noida.

DELHI: In a report, global realty consultancy firm CB Richard Ellis said that the potential for development and growth in the real estate sector is tremendous. The sector is expected to generate over 17 million jobs across the country by 2025, thereby making a significant contribution to the GDP.

DELHI: The realty sector can more than double its contribution to GDP to 13 per cent by 2025 on rising housing demand, if the government removes bottlenecks in infrastructure, lowers borrowing cost and makes process of approvals shorter, global property consultant CBRE said.

DELHI: The realty sector can more than double its contribution to GDP to 13 per cent by 2025 on rising housing demand, if the government removes bottlenecks in infrastructure, lowers borrowing cost and makes process of approvals shorter, global property consultant CBRE said.

DELHI: A Delhi-based real estate developer’s son was to join his business this August. But owing to the sluggish demand and slowdown in the sector, the family patriarch decided to send him abroad for higher education.

DELHI: Realtors’ apex body CREDAI on July 31 expressed disappointment over RBI’s decision to keep the key policy rates unchanged, saying that the industry was expecting relief from the apex bank to beat slowdown in property demand.